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Things Are Not Fine

Crypto is hurting. So is everything else. Is it time to turn bearish?
Things Are Not Fine
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Last week, you could have been forgiven for taking a rosy outlook on markets, but this morning, investors around the globe have found themselves gripped with panic, leading many bulls to reassess their prior convictions.

Is it time to alter yours?

Ethereum lost nearly one-third of its value on Sunday, running stops from $2.9k all the way down to just $2.1k. In TradFi markets, Japan’s TOPIX banking index plunged as much as 13% and America’s tech-heavy Nasdaq 100 index opened cash trading down 5.4% from its Friday close, its largest gap down since COVID.

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Jack Inabinet

Written by Jack Inabinet

932 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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